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Indonesia sets tariff ranges for Uber, Grab

JAKARTA — Indonesia has set minimum and maximum tariffs for online car-hailing services, aiming to ensure comparable pricing with conventional transport providers whose drivers have complained about being undercut by their newer competitors. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised their drivers in Indonesia in order to gain market share […]

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Indonesia: Number of Homecoming Travelers by Plane Increases 11.57 Percent

TEMPO.CO, Jakarta – The number of homecoming travelers by plane on the second day of Eid al-Fitr increases by 11.57 percent. Transportation Ministry secretary-general Sugihardjo said today that the increase was attributable to two things: stronger people’s purchasing power and infrastructure development. In addition, the number has increased owing to extra flights offered by airlines. “More frequent flights were […]

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Indonesia: Trade Minister Says Staple Food Prices Stable

TEMPO.CO, Bandung – Trade Minister Enggartiasto Lukita said that staple food prices in traditionalmarkets are stable after Eid al-Fitr. After inspecting several markets, he said that food prices are rising due to trade activities in the markets that have not returned to normal. Nevertheless, he added that the increase still stands at a tolerable level and is caused by reasonable factors. “There is a slight increase because only one or two vendors are open, but it’s far from the […]

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Seven Eleven Closes Its Business In Indonesia

TEMPO.CO, Jakarta – Indonesian Chamber of Commerce and Industry Chairman (Kadin), Rosan Roeslani, explained the reason behind the downfall of Seven Eleven in Indonesia, which can be traced to their business model that isn’t compatible with Indonesia’s current condition. She said that there are two contributing factors; thin margins and low sales volume. “A person […]

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